Hey guys,

Not so much a dilemma but something I'm trying to work out.

I live in Sydney Australia and am moving house in 2 weeks. I need to pay $6000 to the Rental Bond Board and am trying to work out how bond will be paid/returned with tenants as I am the lease holder.

The 4 others in the house will I assume all pay me their $1200 each as I will be paying the $6000. This is where the confusion starts.

If any of these tenants leave the house, would they take bond from the person replacing them? And the same for me? This would leave them with what they paid back in their pocket.

My other confusion is if I leave the property. Should I take bond from whoever replaces me? This confuses me as say for example 3 years down the line, when the last tenants leave, who do they get their bond back from? There's a good chance I may not know all of them or even any of them, so would they risk losing their bond?

On the other hand, I may recieve the whole $6000 back from the bond with damages deducted, while not having lived in the house when it was damaged. This is why I would feel safer taking bond money from whoever replaces me.

Thanks for your advice!